The team at InsPeak understands that pre-owned vehicle owners in the Arlington, TX area may have questions about insurance. We are here to let you know about the policy options that are available in our area and help you find one that meets your unique needs. Give us a call or come by our office today to learn more.
Auto insurance for pre-owned vehicles
If you have recently bought a pre-owned vehicle, or you are planning to do so in the near future, you may have some questions about auto insurance. While pre-owned cars don’t depreciate as rapidly as new vehicles, there are still some important coverage features that you will want to make sure that your policy offers.
In addition to robust liability and collision protection, you will want to ensure that your policy offers comprehensive protection in the event that your vehicle is involved in an accident and subsequently deemed totaled. This protection can add another layer of coverage in case the amount of money that your insurance pays out for the totaled vehicle is less than the amount still owed.
Of course, every policy is different, and it is very important to understand what the policy you select covers and does not cover. Working with a local agent is an effective way to ensure that the auto policy that you end up choosing provides the coverage that you need for your pre-owned vehicle.
Find out more today!
If you live in the greater Arlington, TX area and have questions about insurance, InsPeak is here to help. Our team is friendly and knowledgeable and ready to answer any questions that you may have about auto insurance. Stop by our office or give us a call today to find out more.
Arlington, TX is located between Dallas and Fort Worth. As a suburb, many people drive to either of the cities to work or for entertainment. Having a car is a necessity, and when you have a car in Texas, you need to have auto insurance. Ensuring you have the correct coverage for your needs is vital; no one wants to pay for more than they need. At InsPeak in Arlington, TX, we have an experienced team dedicated to making sure every customer gets the personal service they deserve.
In the state of Texas, basic auto insurance is liability coverage only. The state mandates it. The coverage you must carry is $30,000 in injury per person and $60,000 for all the injuries in an accident. Additionally, you must have 25,000 in property damage coverage. This is enough auto insurance if you don’t have many assets, but if you own a home and have savings or investments, you might want to consider having a higher level of liability protection. Given the amount a judgment could amount to and the cost of legal representation, you might find basic insurance isn’t enough.
Basic insurance doesn’t provide any protection for your vehicle. If your vehicle is financed, chances are you will be required to carry additional insurance to protect the vehicle. If you own your vehicle outright, and it is worth more than a few thousand dollars, having additional insurance can be a benefit to you. Collision coverage will repair or replace your vehicle in the event you are at fault in an accident. Comprehensive insurance protects your vehicle from theft, vandalism, and perils beyond your control.
In the simplest terms, basic insurance may be enough but talking to your insurance agent will help you decide the right amount. Contact InsPeak in Arlington, TX for all your auto insurance needs.